Brooklyn Meditation Inc

Analysis

Brooklyn Meditation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brooklyn Meditation Inc reported income of $125k and spending of $84k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $125k (+12%), an average of +12% a year. Over the whole period it spent 122% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Brooklyn Meditation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Weekday Bible Inc ($125k), Oilfield Christian Fellowship ($125k) and Taco Team ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.6% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.